SciBase expands into a new clinic group in California
SciBase announced a collaboration agreement focused on skin cancer with Unified Health, a large healthcare group based in Los Angeles. Unified Health has nine clinics in Southern California. We believe the announcement further validates the underlying demand for Nevisense in the important US market as the company continues to work on expanding insurance coverage to unlock faster growth.
SciBase needs to make a significant jump in revenues to reach cash flow neutrality and we believe that progress in the very large US market is the key to achieving this. Against this backdrop, the announcement is obviously positive and, in our view, supports SciBase's ability to grow faster as insurance coverage increases and supports our revenue growth estimates. Our estimates already assume that the company will continue to win new customers and successfully scale their usage of Nevisense, so the announcement does not create immediate pressure to change our estimates.
Login required
This content is only available for logged in users
Scibase Holding
SciBase Holding is a medical technology company. The Group specializes in the management of cancer diagnostics, mainly focused on the treatment and detection of various melanomas. The company has developed an electric handheld probe that analyzes the measurement signal to detect specific changes in the body's skin tissue. The head office is located in Stockholm.
Read more on company page